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72 <br />A review of the proposed 2015 total levy is as follows: <br />The annual transfer of Liquor Operating Profits helps reduce taxes and provides funding for <br />capital equipment. In 2015, Liquor Operations will transfer $214,244 to the General Fund and <br />$181,200 to the Capital Equipment Fund. <br />To help offset the cost of operations and capital equipment, Staff will continue to seek Grants <br />and Donations from Federal; State and private sources. <br />At the September 9`h City Council meeting, Staff will again present the proposed 2015 General <br />Operating Budget and Property Tax Levy to the City Council. At this meeting a resolution will <br />need to be passed certifying the preliminary levy to Hennepin and Ramsey Counties. <br />The final presentation of the 2015 General Operating Budget and Property Tax Levy is <br />scheduled for the December 9`h, 2014, Council Meeting. At the meeting, Staff will present a <br />recap of the 2015 General Operating Budget and the impact of the 2015 Property Tax Levy. <br />Amount <br />Increase/(Decrease) <br />General Operating Levy <br />$3,321,210 <br />$197,867 <br />CIP Levy <br />$ 50,000 <br />$ 0 <br />Road Improvement Levy <br />$1,791,725 <br />$ 15,145 <br />Lease Revenue Bonds <br />$ 382,872 <br />$ 4,410 <br />HRA Levy <br />$ 132,782 <br />($ 645) <br />Tax Abatement <br />153,148 <br />2,123 <br />$5,831,737 <br />$218,900 <br />The annual transfer of Liquor Operating Profits helps reduce taxes and provides funding for <br />capital equipment. In 2015, Liquor Operations will transfer $214,244 to the General Fund and <br />$181,200 to the Capital Equipment Fund. <br />To help offset the cost of operations and capital equipment, Staff will continue to seek Grants <br />and Donations from Federal; State and private sources. <br />At the September 9`h City Council meeting, Staff will again present the proposed 2015 General <br />Operating Budget and Property Tax Levy to the City Council. At this meeting a resolution will <br />need to be passed certifying the preliminary levy to Hennepin and Ramsey Counties. <br />The final presentation of the 2015 General Operating Budget and Property Tax Levy is <br />scheduled for the December 9`h, 2014, Council Meeting. At the meeting, Staff will present a <br />recap of the 2015 General Operating Budget and the impact of the 2015 Property Tax Levy. <br />